Snap closed the most recent trading day at $5.65, down 1.22% from the previous session, lagging the S&P 500's daily gain of 1.14% while the Dow added 0.61% and the Nasdaq rose 1.69%. The company behind Snapchat is forecast to report earnings per share of $0.16 in its upcoming release, a 166.67% increase from the prior-year quarter, on revenue of $1.72 billion, up 14.33% year over year. For the full year, consensus estimates project earnings of $0.59 per share and revenue of $6.78 billion, representing changes of +78.79% and +14.35%, respectively. Over the past 30 days the consensus EPS projection has moved 58.62% higher, and Snap currently carries a Zacks Rank of #3 (Hold). The stock trades at a forward P/E of 9.85, a discount to the industry average of 20.36, with a PEG ratio of 0.22 versus the Internet - Software industry average of 1.14.
Snap IncAnalysts raised Snap's EPS forecast 58.62% over 30 days ahead of earnings, though shares slipped 1.22%.
